News
February 28, 2024
The Philippines is developing other energy sources as its key Malampaya gas field — which supplies a fifth of the country’s power requirements — nears depletion. PXP Energy Corp.’s exploration work on Reed Bank, another potential source for gas, has been suspended “because of the geopolitical situation,” Sales said.
News
February 26, 2024
The discovery of an additional 40 MMcmg now brings Bozhong’s proven reserves to 200 MMcmg, making it the largest metamorphic rock oil field in the world.
News
February 05, 2024
The main production facilities include 2 new central processing platforms and 2 new wellhead platforms. 118 development wells are planned, including 81 production wells and 37 water-injection wells. The project is expected to achieve a peak production of approximately 30,300 bopd in 2025.
News
February 05, 2024
During a meeting with Indonesian President Joko Widod, Eni CEO Claudio Descalzi disclosed plans following significant milestones in 2023, notably the discovery of 5 Tcf of natural gas with the Geng North-1 well in the North Ganal PSC, the acquisition of the Indonesia Deepwater Development assets from Chevron, and the further consolidation of Eni’s position in most of the key exploration and production blocks of the Kutei basin following the acquisition of Neptune Energy.
News
January 31, 2024
In 2023, SapuraOMV’s operated production (100%) was about 500 Mcfd of natural gas, feeding the Bintulu LNG plant operated by Petronas, as well as 7,000 bpd of condensates.
News
January 25, 2024
In 2024, net production target is 700 MMboe to 720 MMboe, of which production from China and overseas accounts for approximately 69% and 31%, respectively. The net production target is 780 MMboe to 800 MMboe in 2025, and 810 MMboe to 830 MMboe in 2026.
News
January 25, 2024
The blocks under the PSCs span across three regions offshore Malaysia comprising two blocks in offshore Peninsular Malaysia, three blocks off the coast of Sarawak and one exploration block and one DRO cluster situated off the coast of Sabah.
News
January 23, 2024
The proven geological reserves amount to 133.012 Bcm as validated by the State Ministry of Natural Resources, which marks another integrated, ultra-deep and tight-sandstone gas field of over 100 Bcm in China.
News
January 18, 2024
The Philippines, which imports almost all its fuel requirements, has been trying to start oil and gas exploration in its territorial waters as a key local gas field nears depletion.
News
January 14, 2024
The study will lay a foundation for potential development of Carbon Capture and Storage (CCS) Hub in the Eastern Economic Corridor of Thailand (EEC).
News
January 08, 2024
The seventh phase of this multi-year project off the coast of Sabah encompasses over 5,000 km of new 2D seismic data acquisition, over 2,600 km of legacy seismic data processing, and 2,800 km2 of 2D-cubed processing as part of a multi-year contract originally awarded by PETRONAS in 2016.
News
January 05, 2024
PC Ketapang II Ltd. (PCK2L), a subsidiary of PETRONAS, has secured the 20-year extension of the Production Sharing Contract (PSC) for the Ketapang Working Area, located in the Java Sea.
News
January 03, 2024
The project is expected to achieve a peak production of approximately 22,600 bopd in 2025.
News
December 26, 2023
The company has drilled four wells at the Nong Yao A wellhead processing platform, including three production-oriented development wells and one appraisal well.  The development wells have encountered targets in line with pre-drill expectations and have been brought online as producers. 
News
December 26, 2023
PETRONAS Carigali Sdn Bhd has signed an MoU and two Technical Assistance Agreements with PTT Exploration and Production in relation to the development of the PTTEP-operated Blocks SK405B and SK410B, located off the coast of Sarawak, offshore Malaysia.
News
December 19, 2023
The well encountered an extensive natural gas column with a thickness of over 230 m in an Oligocene sandstone reservoir. The well successfully flowed over 30 MMcfgd of excellent gas quality.
News
December 11, 2023
Valeura Energy Inc., the upstream oil and gas company with assets in the Gulf of Thailand and the Thrace Basin of Turkey, has announced the re-start of oil production at the Wassana field, offshore Gulf of Thailand.
News
December 10, 2023
(WO) — PTTEP has made significant back-to-back discoveries offshore Malaysia, the company announced on Dec. 7. These include new findings in three fields off Sarawak, Malaysia—Chenda-1 in block SK405B, and Bangsawan-1 and Babadon-1 in block SK438.
News
December 08, 2023
BiSN has opened a new manufacturing facility in Perth, Western Australia to better serve operators in the region. The facility will increase the operational capacity for BiSN in the Asia-Pacific region, creating several local jobs.
News
December 08, 2023
The contract involves deploying the Shelf Drilling Perseverance jack-up rig to Southeast Asia, specifically Vietnam.
News
December 06, 2023
The fourth and final well in the East Belumut infill drilling campaign is currently being tested after reaching 4,600 m measured depth in the southwest region of the field.
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